In 2026, people are still asking, "Has the housing price hit the bottom? Can I buy a house now?"

The first principle of China's real estate:

A house is not an investment; it is pure consumption, permanently depreciating, with a construction cost of 3,000 yuan per square meter and a floor price of zero.

If you think this price is worth it, if you think taking a 30-year loan to buy a concrete pigeon cage as a big toy is worth 5 to 20 million yuan for your essential needs, then go ahead and buy it.

Otherwise, either never buy a house in your lifetime and keep renting, signing long-term leases, letting the landlord bear the loss of a housing market crash,

or buy a house you can afford to lose, like an old neighborhood for 500,000 yuan,

and set the most reasonable price you can afford for your "stability, security, owning a house, and essential needs."